Highlights

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COMPANIES

• Jisco resumes HR plates operations
• China Airlines offers new package in India
• IOC to start Mauritius operations next year
• BSNL set to start broadband service in Kolkata
• IAAI eyes Rs 80 cr saving in fuel costs from slum rehabilitation
• IDBI, IFCI packages ready; banks, FIs to take a big hit
• Interra IT of US launches software for local market
• Iffco plans gas purchase from Reliance Industries
• Amway to tone up healthcare brand in India
• Jet Air to offer satellite printing
• Zee shares to be pledged with CSFB - Subhash Chandra to raise $40-m loan via OCB
• Polaris to write off $1 m on `Indonesian safari'- Board for legal action against Bank Artha Graha
• Gestetner board okays revamp plan for Nasik plant
• Oppenheimer buys 12.6% stake in SB&T
• Polaris board okays merger with Orbitech
• LG plans to invest $7 million in life science venture
• Tata Steel to focus more on sustainable development
• IOC launches high-end fuels in Kolkata

INTERNATIONAL BUSINESS

• Internet domain-name seller ordered to stop sales pitch
• World's first high-speed 'Maglev' system opened in Shanghai
• Global chip sales growth slows in November
• Tyco finds errors, no significant fraud
• US court rules a Paxil patent as invalid
• Dragon economy up 8 per cent in '02
• Top 100 Indian American cos net $2bn in '01

GENERAL

• Rail Vikas Nigam to float SPVs for certain projects
• Dumping duty on methylene sought
• Textiles ministry favours doing away with EPCG
• Cross-subsidy issue to dog Bengal power sector in the new year
• CII seeks cut in corporate tax to 30 per cent

BANKING AND FINANCE

• Vijaya Bank to launch 'Vijaya Raksha'
• 10-yr yield dips to 6.08 per cent, repos cut hopes gain pace
• LIC losing market share, says ORG-MARG
• Ashok Leyland Finance to securitise vehicle receivables
• BoR in consolidation mode; buys 16 per cent in Bharat Overseas Bank
• ICICI Pru teams up with LKB
• TCS solution for City Union Bank
• Mediclaim premiums to be hiked 6 pc
• MSRDC redeeming Regular Return Bonds
• Canara Bank may recover Rs 279 cr in second half
• Netravati Grameena hikes deposit rates

CAPITAL MARKET

• Bear domination
• Kotak Mahindra rises on SICOM bid
• Sensex remains firm, Infosys gains
• FII buying lifts i-flex Solutions
• SKF runs strong on multiple triggers
• Custodian puts Harshad's bulk holdings on the block
• Rupee gains 6 paise